Palantir Technologies Inc. (PLTR) P/E Ratio History
Premium ValuationTrading at 304.4x vs 5Y avg 260.8x · 67th percentile · Premium to historical baseline · Data 2023–2026
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P/E Ratio Analysis
As of September 24, 2026, Palantir Technologies Inc. (PLTR) trades at a price-to-earnings ratio of 304.4x, with a stock price of $191.79 and trailing twelve-month earnings per share of $1.17.
The current P/E is 17% above its 5-year average of 260.8x. Over the past five years, PLTR's P/E has ranged from a low of 98.9x to a high of 449.3x, placing the current valuation at the 67th percentile of its historical range.
Compared to the Technology sector median P/E of 30.2x, PLTR trades at a 908% premium to its sector peers. The sector includes 367 companies with P/E ratios ranging from 0.0x to 198.6x.
Relative to the broader market, PLTR commands a significant premium over the S&P 500 median P/E of 25.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our PLTR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
PLTR Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
PLTR P/E vs Peers
Data platforms, integration and analytics peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $90B | 838.3 | - | -41% | |
| $6B | 17.3 | 1.03 | +7% | |
| $16B | 11.2 | 0.54Best | +21%Best | |
| $9B | 10.9Lowest | 1.14 | -5% | |
| $14B | 25.5 | 4.47 | +8% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
PLTR Historical P/E Data (2023–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $116.67 | $1.18 | 98.9x | -62% |
| FY2026 Q1 | - | $146.28 | $0.90 | 162.5x | -38% |
| FY2025 Q4 | Dec 31 2025 | $177.75 | $0.64 | 276.1x | +6% |
| FY2025 Q3 | - | $182.42 | $0.43 | 419.4x | +61% |
| FY2025 Q2 | Jun 30 2025 | $136.32 | $0.30 | 449.3x | +72% |
| FY2025 Q1 | Mar 31 2025 | $84.40 | $0.23 | 368.6x | +41% |
| FY2024 Q4 | - | $75.63 | $0.19 | 399.7x | +53% |
| FY2024 Q3 | Sep 30 2024 | $37.20 | $0.20 | 188.3x | -28% |
| FY2024 Q2 | Jun 30 2024 | $25.33 | $0.17 | 149.0x | -43% |
| FY2024 Q1 | Mar 31 2024 | $23.01 | $0.13 | 181.5x | -30% |
| FY2023 Q4 | Dec 31 2023 | $17.17 | $0.09 | 189.9x | -27% |
| FY2023 Q3 | Sep 30 2023 | $16.00 | $0.06 | 246.9x | -5% |
Average P/E for displayed period: 260.8x
PLTR Chart Terminal
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PLTR Stock Analysis
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Intrinsic Valuation
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Historical Returns
3+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
PLTR — Frequently Asked Questions
Quick answers to the most common questions about buying PLTR stock.
What is PLTR's P/E ratio?
Palantir Technologies Inc. (PLTR) trailing twelve-month P/E ratio is 304.4x, based on TTM diluted EPS of $1.17. The 5-year average P/E is 260.8x and the historical range spans 98.9x to 449.3x.
Is PLTR stock overvalued or undervalued?
PLTR trades at 304.4x P/E, near its 5-year average of 260.8x. The 67th percentile ranking within the 98.9x–449.3x historical range places valuation within normal bounds.
Is PLTR stock expensive?
PLTR is fairly valued relative to its own history. The current P/E of 304.4x is near the 5-year average of 260.8x (67th percentile of historical range).
What is PLTR's historical P/E range?
Over the past 5 years, PLTR's P/E ratio has ranged from 98.9x to 449.3x, with a median of 246.9x and an average of 260.8x. The current P/E of 304.4x places the stock at the 67th percentile of this range. Full historical data spans 2023–2026.
How does PLTR's P/E compare to the S&P 500?
PLTR trades at 304.4x P/E versus the S&P 500 median of 25.3x. The 1103% premium to the market typically reflects higher expected earnings growth or quality.
How does PLTR's valuation compare to Technology peers?
Palantir Technologies Inc. P/E of 304.4x compares to the Technology sector median of 30.2x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is PLTR's PEG ratio?
PLTR PEG ratio is N/A, based on a P/E of 304.4x and EPS growth of 231.6%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is PLTR's earnings yield?
PLTR earnings yield is 0.33%, the inverse of its 304.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.